DGGI raids premises of 2 Kashmir-based manufactures over GST evasion

In its action against indirect tax evasion in Kashmir, the Chandigarh Zonal Unit of Directorate General of Goods and Service Tax Intelligence (DGGI) has conducted simultaneous search and seizure operations on premises of two manufacturers across Srinagar, Budgam, Baramulla and Anantnag districts.
DGGI raids premises of 2 Kashmir-based manufactures over GST evasion
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In its action against indirect tax evasion in Kashmir, the Chandigarh Zonal Unit of Directorate General of Goods and Service Tax Intelligence (DGGI) has conducted simultaneous search and seizure operations on premises of two manufacturers across Srinagar, Budgam, Baramulla and Anantnag districts. 

DGGI is a premier intelligence agency of Ministry of Finance , Government Of India, which is responsible for checking GST evasion across India.

According to sources, DGGI has developed specific information that these manufacturers in Kashmir are suppressing their total monthly value of goods cleared in their monthly returns filed with GST authorities. 

"This clandestine removal of goods without payment of appropriate tax was causing huge loss of tax revenues to both state and central governments. These kind of practices also, leads to unhealthy competition among businesses and loss to honest taxpayers," said the sources from DGGI. 

Working on the intelligence developed, different teams of DGGI comprising about 25 officers in a coordinated manner conducted searches across five premises of these businesses, said the sources, adding, the security for the searching teams was provided by CRPF personnel.

"During the searches, large amount of incriminating documents and computer dataware recovered which established the intelligence. Both the business units accepted the suppression of taxable supplies on their part," they said, adding, further investigations to establish exact quantum of tax evasion is under progress.

 It is also informed that DGGI, Jammu Regional Unit, which has jurisdiction over state of Jammu and Kashmir has recovered about Rs 30 crore in its anti-evasion actions in past six months from businesses across Jammu province.

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